Average homeowners insurance cost in Lafayette, LA

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In Lafayette, homeowners pay an average annual rate of $3,458 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $954 more than the national average of $2,504 .

Homeowners insurance premiums can vary significantly from one property to another. In Lafayette, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Progressive is the cheapest homeowners insurance company in Lafayette with an average annual premium of $1,315 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Lafayette. Keep reading to learn about the monthly cost of homeowners insurance in Lafayette, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Lafayette.

Key Takeaways

The average cost of homeowners insurance in Lafayette is $3,458 per year.
Progressive is the cheapest homeowners insurance company in Lafayette with an average annual premium of $1,315 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $312 more a year for home insurance.

Average homeowners insurance cost per month

Residents of Lafayette pay an average of $288 per month for homeowners insurance. This is $10 less than the state average of $298 and $79 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Lafayette can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Lafayette, LA, homeowners pay an average of $3,146 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

Lafayette residents pay an average of $3,458 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $312 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

Average homeowners insurance cost in Lafayette by company

After comparing several homeowners insurance companies, Progressive offers the lowest rates in Lafayette. Its average annual rate for homeowners in Lafayette is $1,315 , while Allstate is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Lafayette and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Lafayette and their average annual premiums.

Home Insurance Company	Annual rate
Progressive	$1,315
Allstate	$3,316
State Farm	$4,072
Farmers	$6,121
USAA*	$2,544

*USAA is only available to military community members and their families.

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Louisiana that can impact your home insurance

Living in Louisiana comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Louisiana is commonly affected by Riverine flooding.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Lafayette for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.